Technology Risk and Control Testing - Assistant Vice President

Job Title

AVP - Technology Risk and Control Assurance (Code – 500)

Role Summary

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Role Description

Controls Testing and Assurance performs a key role for State Street as a First line of defense function by testing Information technology controls and providing independent feedback on the adequacy of controls .As a member of FLRC- First line Risk and Controls and as part of Controls assurance team ,one has to contribute in driving program activities related to Controls testing and Controls Mapping, to achieve this objective one has to work with controls owners and other key stakeholders globally to help standardize and operationalize our Regulatory Compliance and IT Process.

We are looking for an experienced Risk and Control professional to support Control Testing capabilities with best industry practices and mature our controls program. The ideal candidate will have hands-on experience with IT Risk, ITGC, control testing, control validation, control assurance, project management, people management, and strong analytical skills.

Expected years of experience 13-15 Years.

As AVP Technology Risk and Control Assurance you will:

• Effectively manage a team and strategize the annual plan on testing portfolio and provide reporting relative to technology risk and compliance information for measurement analysis and senior management communications as directed
• Conduct technology control testing to meet the timelines for the Bank, maintaining a mature quality of test attributes, which includes both design and effectiveness test
• Effectively communicate with several stakeholders including senior level Control Owners, while the Bank goes through transformation
• Support and improve upon the reporting capability associated with control testing
• Develop and drive consistent, transparent day-to-day, monthly, quarterly and annual reports associated with controls and corresponding activities
• Individual will develop and drive process and quality assurance standards over control testing process, responses and all required criteria for successful closure
• Individual will ensure consistent execution of the control testing test life cycle and review test papers for opportunities for consolidation and normalization
• Engage key operational SMEs for testing work, identify risk and control gaps and transition open issues to appropriate stakeholders for remediation planning
• Provide technical analysis, testing, assessment, and project management support for various elements of the First Line of Defense Self Testing Program, and other related programs

Core/Must have skills

Understanding of Risk Management framework

Project Management

Excellent communication skills

People Management experience

Candidate exhibit knowledge in emerging technologies viz. Cloud controls, AI, Quantum Computing, etc.

Knowledge of MS Office suite, IT frameworks such as NIST, ISO, COBIT, ITIL, similar frameworks

Good to have skills

Information Security certifications like ISO27001, CRISC, CISA etc.

Knowledge on information security domains like Incident management, change management, SDLC, BCP/DR, Access management, Security Incident Management, Security tools, etc.

Must be avid reader as candidate is expected to keep himself updated with new regulations, mandated from various regulators globally like MAS, CERT-IN, EBA

Work Schedule

Hybrid – 4 Days

Keywords (If any)

Controls Testing, Controls Assurance, Control Mapping, TOD – Test of Design, TOE – Test of effectiveness

Why this role is important to us

Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.

We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.

Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers